Bridging Finance
What are bridging loans?
Bridging finance or bridging loans are short-term loans secured on property to borrowers who require instant access to funds with minimal red tape. The loans are typically repaid within a few days/weeks to six months.
Bridging finance is typically used in these circumstances:
- To buy a new property before an existing property is sold
- To attend property auctions where instant funds are required
- For renovations
Bridging loans are always secured over property and our loans range between £50,000 to £2,000,000.
Process
The Fincorp bridging finance team assesses each client’s requirement quickly, minimising red tape and ensuring a speedy process. Decisions to providing finance are normally given instantly.
What Fincorp offer:
- Peace of mind
- Immediate funding
- Principal Lender own funds
- No redemption fees / no commitment fees / no exit fees
- Immediate decision by phone
- No minimum or maximum period
- Completely non status
- No forms necessary, cutting red tape to a minimum
- User friendly service